US Treasury is set to offer the Hazelwood School District's (HSD) Proposition H bonds this week. This would make the school district one step closer to the target goal of construction beginning on the final phase of its Hazelwood 1st facilities upgrades plan, in the spring.
HSD Assistant Superintendent of Communications Diana Gulotta said only half of the voter-approved bonds would be put for sale this week. That equates to $60 million, which she said she believes will be sold before the end of 2010.
The $60 million of general obligation bonds will be offered with some of the Treasury's other bills on the weekly Tuesday schedule. Typically four-week bills are sold on Tuesday. At the close of the New York cash market on Dec. 10, the rate on the outstanding four-week issue was 0.07 percent.
If spring construction were to occur, there would be a timeline of renovations to the schools at all levels including, but not limited to HVAC upgrades, second floor accessibility improvements and updated high school libraries for East and West.